Reported 12 months ago
Cargo theft has been on the rise in Q1 of 2024, impacting carriers and brokers financially. Thieves are using double-brokering, stealing freight by impersonating legitimate carriers or brokers, resulting in misdirected shipments and stolen goods. Travelers reported a 46% increase in cargo theft incidents, with an estimated $154.6 million worth of goods stolen in the first quarter. Theft tactics have evolved to include sophisticated fraud schemes and advanced technology, requiring stakeholders to be vigilant. Authorities advise carriers and brokers to watch for red flags and prioritize cargo security in their operations.
Source: YAHOO